I assume you mean TSMC. They fabricate the ASICs that my staff designs, as well as a majority of custom ASICs.
America cannot compete simply because of the salaries. That is the way it is and the way it will be.
Actually there are other more worrisome elements to this sort of globalization even though it is raw capitalism operating at it’s best. That is the security element. If you think about it, a staggering amount of our custom ASICs (chips), parts for military equipment and other basic infrastructure are manufactured overseas.
There is a large ASIC manufacturing area being built in Mexicali. I am quite pleased with that if for anything just to have it closer to American soil. I think that sooner or later we will see that we need to bring more of this sort of manufacturing back physical locations that will be closer to home. If it means subsidizing our workers then so be it.
Everyone whines about loss of jobs. It sucks. I hate it and could lose mine at any time. However the bottom line is that people do what I do on the other side of the planet for a hell of alot cheaper.